Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Independent Bank Corp. or BOK Financial Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Independent Bank Corp. and BOK Financial Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Independent Bank Corp. and BOK Financial Corporation

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment engages in the provision of retail lending and deposit services to small business customers through retail branch network; and mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other improvements to real estate and property held by borrowers for investment purposes; residential mortgage and personal loans; and personal and small business checking, online bill paying, mobile banking, automated teller machine, and call centers services. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.

Latest Banks and Independent Bank Corp., BOK Financial Corporation Stock News

As of September 4, 2026, Independent Bank Corp. had a $4.0 billion market capitalization, compared to the Banks median of $767.9 million. Independent Bank Corp.’s stock is up 14.8% in 2026, up 2.2% in the previous five trading days and up 16.45% in the past year.

Currently, Independent Bank Corp.’s price-earnings ratio is 15.2. Independent Bank Corp.’s trailing 12-month revenue is $948.7 million with a 28.6% net profit margin. Year-over-year quarterly sales growth most recently was 41.5%. Analysts expect adjusted earnings to reach $7.169 per share for the current fiscal year. Independent Bank Corp. currently has a 3.1% dividend yield.

As of September 4, 2026, BOK Financial Corporation had a $8.3 billion market cap, putting it in the 75th percentile of all stocks. BOK Financial Corporation’s stock is up 15.4% in 2026, down 0.6% in the previous five trading days and up 20.97% in the past year.

Currently, BOK Financial Corporation’s price-earnings ratio is 12.9. BOK Financial Corporation’s trailing 12-month revenue is $2.3 billion with a 28.5% net profit margin. Year-over-year quarterly sales growth most recently was 10.1%. Analysts expect adjusted earnings to reach $10.311 per share for the current fiscal year. BOK Financial Corporation currently has a 1.8% dividend yield.

How We Compare Independent Bank Corp. and BOK Financial Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Independent Bank Corp. and BOK Financial Corporation’s stock grades to see how they measure up against one another.

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Independent Bank Corp. and BOK Financial Corporation Growth Grades

Company	Ticker	Growth
Independent Bank Corp.	INDB	B
BOK Financial Corporation	BOKF	D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Independent Bank Corp. has a Growth Score of 64, which is Strong. BOK Financial Corporation has a Growth Score of 40, which is Weak.

The Growth Grade Winner: Independent Bank Corp.

As you can clearly see from the Growth Grade breakdown above, Independent Bank Corp. has a more attractive growth grade than BOK Financial Corporation. For investors who focus solely on how a company is growing relative to other companies in the same industry, Independent Bank Corp. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Independent Bank Corp. and BOK Financial Corporation’s Quality Grades

Company	Ticker	Quality
Independent Bank Corp.	INDB	F
BOK Financial Corporation	BOKF	D

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Independent Bank Corp. has a Quality Score of 8, which is Very Weak. BOK Financial Corporation has a Quality Score of 34, which is Weak.

The Quality Stock Winner: No Clear Winner

Neither Independent Bank Corp. or BOK Financial Corporation has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Independent Bank Corp. or BOK Financial Corporation is the better investment when it comes to quality.

Independent Bank Corp. and BOK Financial Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Independent Bank Corp.	INDB	D
BOK Financial Corporation	BOKF	B

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Independent Bank Corp. has a Earnings Estimate Score of 35, which is Negative. BOK Financial Corporation has a Earnings Estimate Score of 70, which is Positive.

The Earnings Estimate Revisions Grade Winner: BOK Financial Corporation

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, BOK Financial Corporation has a better Earnings Estimate Revisions Grade than Independent Bank Corp.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, BOK Financial Corporation could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Independent Bank Corp. and BOK Financial Corporation Grades

In addition to Quality, Estimate Revisions and Growth, A+ Investor also provides grades for Value and Momentum.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Independent Bank Corp. and BOK Financial Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Independent Bank Corp. or BOK Financial Corporation Stock?

Overall, Independent Bank Corp. stock has a Growth Score of 64, Estimate Revisions Score of 35 and Quality Score of 8.

BOK Financial Corporation stock has a Growth Score of 40, Estimate Revisions Score of 70 and Quality Score of 34.

Comparing Independent Bank Corp. and BOK Financial Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.